Credit cards can be valuable tools for college students. They provide instant access to cash for all sorts of things. Another plus is that the student will begin to build a credit history. A good credit history will help in countless ways later on. There are a few specific things that you should look at when determining which card will be the best choice.

Credit card rates can vary widely so pay close attention to the terms of each offering. Many of the more popular cards have an introductory rate of 0% for the first six months. Look at the terms of the card carefully to find out what the rate will change to after the introductory period is over. Rates can typically vary between 11% and 21% on most student credit cards.

Some credit cards for students give rewards points for purchases made with the card. Points can be redeemed for cash, concert tickets, airline tickets, gift cards and many other things. The airline rewards points are pretty popular especially for those students who go to school far from home.

Credit card limits for student cards can be any where from$200 to $5k. Starting with a low limit at first will reduce the chance of the student going wild and spending money on items they really don’t need.

Some card companies require proof of income. If a student can’t provide income proof then a card company may require a cosigner in order to get approved for the card. Some cards don’t require proof of income or a cosigner. It all really depends on the specific credit card companies guidelines.

Another nice feature offered is cash back rewards for purchases on the credit card. Cash back varies from 1% to 5% usually based on the specific types of purchases. For example tuition or book purchases may receive a higher percentage cash back then grocery purchases.

In addition the above incentives you may also see cash advances, balance transfers, rental car insurance, online statements, online bill pay and travel accident insurance to name few more.

To make the right credit card choice you need to decide what benefits meet your spending requirements. By paying close attention to the terms of the cards you apply for you won’t get surprised in the future.